Sistema Asia Fund (SAF)

Sistema Asia Fund - AFK Sistema Venture Fund, which specializes in investments in high-tech companies in India and Southeast Asia.

The fund focuses on investments in companies operating in technology products and services, and invests in other types of businesses and consumer brands that use technology as a major competitive advantage and are located in India and/or have a significant presence in the Indian market.

History

2023: Hit by US sanctions

On November 2, 2023, amid the conflict in Ukraine, the United States imposed blocking sanctions on all companies with a 50% stake in AFK Sistema, even if they are not included in the SDN-List.

In addition to the corporation, Luxembourg East West United Bank, Singapore Sistema Asia Pte, as well as the Smarttech System Foundation are included in the SDN list. The US authorities classify them as related to AFC structures.

2022: Investing in online events platform developer Airmeet

On February 8, 2022, it became known about the investment of $35 million in. The round Airmeet of financing startup was attended by a venture capital fund, AFK Sistema Sistema Asia Fund Prosus Ventures funds, Ring Central Ventures, KDDI Open Innovation Fund, DG Daiwa Ventures, Nexxus Global, Sequoia Capital India and AccelIndia. More. here

2021

Investing in India's Exotel cloud telephony service

At the end of September 2021, it became known about the investment of $35 million in Exotel. Sistema Asia Fund, a venture capital fund of AFK Sistema, took part in the Series C funding round. Read more here.

Investing in healthy lifestyle and fitness app developer HealthifyMe

On July 20, 2021, HealthifyMe announced an investment of $75 million. Investors included the Sistema Asia Fund (SAF). Chiratae Ventures, Inventus Capital, Unilever Ventures, Elm and Healthquad funds also participated in the funding round. Read more here.

Investing $15 million in ANSR personnel selection service

On May 20, 2021, AFK Sistema announced its investment in ANSR through its Sistema Asia Fund. Following the Series B funding round, the startup raised $15 million, including from the Evolution India Fund. Earlier, an Accel Partners fund was invested in ANSR, which by May 2021 remains the company's largest shareholder. Read more here.

Investing in Uniphore Software System Call call centers Speech Recognition Service

At the end of March 2021, Uniphore Software Systems announced the raising of $140 million in investments that the company intends to direct to expand its services, including those related to video calls. Read more here.

2020: Investing in Infra.Market

On December 10, 2020, it became known that Indian startup Infra.Market announced the raising of $20 million during round B from the Sistema Asia Fund, Evolution India Fund and Foundamental Gmbh. In addition, the round was also attended by current investors in the project, including Accel, Tiger Global and. NeXus More. here